NEW YORK, NY (PRWEB) October 19, 2006
JRS Architect, P.C., which has offices in Mineola, NY, and Princeton, NJ., has agreed to acquire Soffes Wood, Inc., a full-service design firm based in Manhattan.
JRS, a nationally recognized firm with extensive experience in bank, corporate, healthcare and retail design practices, will gain a presence in New York City through the acquisition and will increase in size by more than fifty percent. The transaction was announced by JRS founder and Principal John R. Sorrenti, FAIA and Soffes Wood co-founder and Principal Jim Wood.
“We are very excited about this acquisition and looking forward to the opportunity to grow,” said Sorrenti.
“This expansion will be very positive,” said Soffes Wood co-founder and Principal Jim Wood, “This growth will provide the firm with additional staff as well as additional expertise.”
Size is critically important in New York City, the largest market in the United States for architectural interiors. “You are viewed very differently by the client base, when you can service them from multiple locations and with a multidisciplinary staff,” said Wood.
“We wanted to expand our presence in New York City and further solidify our commitment to our clients in this market,” said Sorrenti, noting that proposed acquisition will allow JRS to become more aggressive in seeking new business. “It will open a lot of doors.” he said, adding that JRS remains fully committed to its existing client base. JRS currently serves clients in New York City from its suburban offices.
Moreover, “Soffes Wood has a lot of creative people,” Sorrenti said, “We’re looking to pool our talents to create an even stronger design presence in all of our markets.”
Both firms have gained attention for their designs of branches for Melville, NY-based North Fork Bank.
“We are extremely excited about this opportunity to leverage the expertise that both companies bring to the table,” said Alex Hadjiyane, AIA, a principal of JRS also noting that both organizations have many similarities.
JRS Architect, P.C ranks among Interior Design magazine’s Top 100 Giants and also stands among the top 25 U.S. interior design firms for healthcare. The firm has 34 employees.
Soffes Wood, a design firm with 18 employees and expertise in commercial, retail, landmark properties, townhouses, and multi-family developments, was founded in 1998 by Eliot Soffes and James Wood.
The proposed acquisition is expected to be completed before the end of the year and comes as JRS is marking the 20th anniversary of its founding by current President John R. Sorrenti.
Over the course of 20 years, JRS has designed about 3,000 projects, which ranged from a small, residential dormer renovation to an 186,000-square-foot office building. Its projects can be found throughout Long Island, New York City, New Jersey, Pennsylvania, and Connecticut as well as in Florida. Its projects have included a ground-up back-office facility in New Jersey for JP Morgan Chase, a showroom in Manhattan for bedding designs by the designer Natori and hospital facilities throughout the region.
In addition to its work for North Fork Bank, Soffes Wood is known for its design of the Chambers Hotel in Manhattan. Other clients include Hilton Hotels, Gant USA, Condé Nast and MTV Network.
Terms of the transaction were not disclosed.
After the merger is completed, Wood will become a design and architectural interiors consultant to major corporations.